KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Trading&Services
Last Price Today's Change   Day's Range   Trading Volume
0.275   +0.005 (1.85%)  0.27 - 0.28  10,230,900
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Market Cap: 2,259 Million
NOSH: 8,216 Million
Avg Volume (4 weeks):20,729,655
4 Weeks Range:0.255 - 0.30
4 Weeks Price Volatility (%):
52 Weeks Range:0.215 - 0.485
52 Weeks Price Volatility (%):
Average Price Target: 0.35
Price Target Upside/Downside: +0.075

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#1]  |  24-May-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  22-Aug-2018
T4Q P/E | EY: -2.21  |  -45.28%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3087  |  0.89
T4Q NP Margin | ROE: -161.63%  |  -40.34%


Date Subject
31-May-2018 Petronas - Upstream Capex Remains Tight
28-May-2018 Velesto Energy - Positive outlook on 1Q18 briefing
28-May-2018 Velesto Energy - Short-term charters cloud earnings visibility
26-May-2018 [转贴] [VELESTO ENERGY BERHAD,确保更多合同和提高运营效率] - James的股票投资James Share Investing
25-May-2018 Velesto Energy - 1QFY18 - Improving prospects Price Chart (RM
25-May-2018 Velesto Energy - No relief from weak rig charter rates with new name
25-May-2018 Velesto Energy - Good start with a new name
25-May-2018 Velesto Energy (BUY, Maintain) - Profit for 2018 Looking Possible
16-Apr-2018 大选概念股‧选战之前抢先机
05-Apr-2018 Daily Technical Highlights – (SAPNRG, UMWOG)
16-Mar-2018 [转贴] [UMW OIL & GAS CORPORATION BHD,生意慢慢恢复] - James的股票投资James Share Investing
13-Mar-2018 Mplus Market Pulse - 13 Mar 2018
13-Mar-2018 UMW Oil & Gas - HWU Umbrella Contract Secured
13-Mar-2018 PublicInvest Research Headlines - 13 Mar 2018
05-Mar-2018 UMWOG – Forging steadily ahead amidst uncertainties; Pending a downtrend line breakout
01-Mar-2018 UMW Oil & Gas Corporation - Huge share base mitigates better bottomline outlook
01-Mar-2018 UMW Oil & Gas - 4QFY17 Briefing
28-Feb-2018 UMW Oil & Gas Corporation - Breaking even at near full rig utilisation
28-Feb-2018 UMW-OG - Post Restructuring Should See Improvement
28-Feb-2018 [转贴] 【UMWOG】之王者即将归来!- Invesider 投资内行人

Business Background

Velesto Energy Berhad, previously known as UMW Oil & Gas Corp Bhd, is a multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry.

The company's line of products and services include drilling and workover services for exploration, development, and production of wells in Malaysia and southeast Asia through several offshore drilling rigs and hydraulic workover units. 

Under the oilfield services segment, the company offers threading, inspection, and repair services for Oil Country Tubular Goods in various offshore markets.

Operating revenue is primarily derived from drilling services, which includes ownership and operation of several drilling rigs and hydraulic workover units, or HWUs. Rigs and HWUs are chartered through day-rate-based contracts.
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  19 people like this.
fl888 TP can be 26.5 cts or lower ..
14/06/2018 09:47
fl888 TP can be 26.5 cts or lower ..
14/06/2018 09:57
JokerT going down
14/06/2018 10:22
JokerT going down
14/06/2018 10:22
PanjiAlam55 this stock is urgly dan smelly...shit
14/06/2018 12:04
Mdnizam CEP Daim Zainudin takeover government funds buying shares , WAWASAN is our PM TUN M master plan , they will use these funds to acquired shares before budget 2019 .
Mara linked company active today Dgb ,Fintec,Vsolar,Sanichi,M3tech.Today big volume mara buying..
14/06/2018 12:16
JokerT downtrend coming
14/06/2018 13:36
JokerT downtrend coming
14/06/2018 13:36
SuperPanda re enter back .280
14/06/2018 17:08
SHQuah http://www.theedgemarkets.com/article/it-time-bet-og

Velesto Energy Bhd is one, posting a net profit of RM5 million for the first quarter ended March 31, 2018, compared to a net loss of RM104.1 million in the corresponding quarter a year ago. In the preceeding quarter ended December, its loss was a whopping RM980.5 million.

“For Velesto, things will continue to improve as they continue their cost rationalisation and utilisation increases. I believe second-quarter utilisation should be between 70% and 80% and second-half utilisation will likely be more than 90%,” said Abel Goon, an analyst with TA Securities.
18/06/2018 10:26
JJchan Velesto always mirror Sapnrg price. But Sapnrg is a different Beast with 1/3 of its Biz scope is Jack-rig Biz. and even that Sap's jack rigs Don't complete with Velesto's Petronas Contracts.

Sap's Debt (18B) is a Beast that even Mahathir Dare NOT rescue. For Mahathir just to rescue Half
of Sap's Debt( 9B), He can have Proton 2, Proton 3 and Proton 4 combined
18/06/2018 10:27
JokerT 0.250 coming... run .
18/06/2018 11:43
JokerT wait for 0.260
18/06/2018 11:43
kenz88 YEAY wait until velesto become toto (tilam)
18/06/2018 11:44
TakeProfits Oay all.of you, this one loyal lousy stock. Go buy ambank etc. Why speculate on this one. Don t waste money on this one !!
18/06/2018 22:13
JokerT tomorrow will break tp 0.295
19/06/2018 17:41
anson938 might over 0.30...
20/06/2018 09:09
JokerT up up up
20/06/2018 11:33
JokerT potential today... collect
20/06/2018 11:33
anson938 Starting to rally now.
20/06/2018 14:48
JokerT get ready
20/06/2018 14:49
JokerT going towards 0.30 !!!
20/06/2018 14:49
JokerT buy buy ... i heard this week break 0.30 then fly !
20/06/2018 14:50
anson938 0.285 now
20/06/2018 14:55
anson938 I also heard that....ToWard highest and highest...
20/06/2018 14:56
Balong Hmmm. Snake oil marketing
20/06/2018 15:21
Balong Everytime this people talk sh*t, price will take the opposite. Stop talking sh*t and just let the market do the job
21/06/2018 11:01
JokerT upupup
21/06/2018 11:03
goodluck999 KLCI has bottomed ..reversal will appear from tmw onwards
21/06/2018 16:51
SuperPanda bought again 27c new ave .275
21/06/2018 18:55
SuperPanda some said cannot get .275 again but in fact it went lower .265

even possible to .25 i think, who knows. so prepare capital to buy
21/06/2018 18:58
Balong The next support is at 0.26. If that support broken, it will go down trend. For how long? I dont know. Maybe after Finance Minister stop talking rubbish, hopefully
21/06/2018 20:55
Haha crude oil also still go down...top profit n change the company name...but the price still no up...
21/06/2018 21:19
Hustle In fact price nowadays is lower than the price before crude achieve usd 50
21/06/2018 22:36
Hustle Russian alreadu start to dispose us bond and build up gold reserve
21/06/2018 22:37
Hustle Seems like oil price purposely been press down to control inflation
21/06/2018 22:40
Hustle But not sure bouncing spring theory will happen or not
21/06/2018 22:41
Hustle Highest level of crude during year 2007 is USD135/barrel will you have opportunity to review the time capsule again?
21/06/2018 22:44
Hustle http://www.sinchew.com.my/node/1767137/原料或涨价‧森德财测不变
21/06/2018 22:52
Hustle Control crude price means control inflation
21/06/2018 22:54
Hustle Trade war between china
21/06/2018 22:55
Balong I'll collect more at 0.26 @ 0.265. If my theory is right, this stock is forming triple bottom. After that, if buyers is strong, it will breakout
21/06/2018 23:58
JokerT today will break TP0.300 rebound day
22/06/2018 09:15
mawiLegend cannot break .30 this month slow growth avoid this counter..too many intraday traders
22/06/2018 12:41
JokerT heading TP0.30 today
22/06/2018 15:32
JJchan I don't think those Q are Day Trader-----No margin to made ( if you are waiting here long enough, you know the trend----cannot make money ) But everyday there are buyers
Since PNB+Kwap+EPF+LTH+ their maicai already holding 75%----it wouldn't be long the liquidity will dried up.
22/06/2018 16:57
SuperPanda Velesto most contracts end this year. Once new contracts announce, sentiment is better and should break 30c.

Compare hib and sap, this stock the less attraction but at 27c, upside 2c will gives >7% return.

To play short here, buy big vol at .275c below and sell all at .295 above.

This trends had happened 4 times past 3 mnths and im never loss.

If next wk rebound to .295 again, total 5 times.
23/06/2018 02:58
anson938 https://www.cnbc.com/commodities/
Crude oil up around 6%...
23/06/2018 10:37
anson938 Brent oil might hit 80 again!
23/06/2018 10:39
JJchan I have no worry about Velesto 2018 results (from now until Sept 2019). Maybe one /two surprise
like securing Biz from Middle-East Countries.
Ppl are jumping with joy when Sapnrg secure 1.8B for 2019 ( 2018 may see Red ) But they
forgot (not IB) that Sap needs about 10B contracts for 2019 to squeeze out some profits ( 1.8B at 10% profit margin = 180m ) Sap needs about 450m(minimum) to cover Cost "every quarter"----
23/06/2018 12:05


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